ECA order index holds steady in June
Jul 13, 2005
The monthly order index compiled by the Electronic Components, Assemblies & Materials Association (ECA) was flat in June, perhaps signaling a traditional summer lull.
"We typically get a steadying period in the summer," says Bob Willis, ECA president. "Last year, July was flat after 11 consecutive months of order growth; this year June is flat after months of ups and downs."
Unlike 2004, which started off with a spurt of growth that receded in the second half of the year, Willis thinks the pattern this year leans to modest, but sustainable, growth over the second half.